Dawson Geophysical (NASDAQ:DWSN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Dawson Geophysical Company (NASDAQ:DWSN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.79 and traded as high as $2.30. Dawson Geophysical shares last traded at $2.14, with a volume of 82,171 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Dawson Geophysical in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dawson Geophysical has an average rating of “Hold”.

Dawson Geophysical Price Performance

The stock’s 50-day moving average price is $1.89 and its 200 day moving average price is $1.79. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $66.45 million, a price-to-earnings ratio of -17.83 and a beta of -0.05.

Dawson Geophysical (NASDAQ:DWSN) last posted its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported ($0.04) earnings per share for the quarter. The business had revenue of $22.75 million for the quarter. Dawson Geophysical had a negative return on equity of 19.72% and a negative net margin of 5.15%.

Institutional Investors Weigh In On Dawson Geophysical

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. raised its holdings in Dawson Geophysical by 19.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,360 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 8,360 shares during the period. Teton Advisors LLC purchased a new position in Dawson Geophysical during the third quarter worth about $35,000. Citadel Advisors LLC increased its position in shares of Dawson Geophysical by 67.9% during the third quarter. Citadel Advisors LLC now owns 60,599 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 24,504 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Dawson Geophysical in the 3rd quarter valued at approximately $52,000. Finally, Jane Street Group LLC acquired a new position in shares of Dawson Geophysical in the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 7.86% of the company’s stock.

Dawson Geophysical Company Profile

Dawson Geophysical Company provides land-based seismic data acquisition services to the oil and gas industry. Through its subsidiaries, the company specializes in the design, deployment and operation of seismic crews that collect high-fidelity subsurface data. Its services support exploration and development programs by delivering two-dimensional (2D), three-dimensional (3D) and time-lapse (4D) seismic surveys that enable clients to make informed drilling and reservoir management decisions.

The company’s fleet includes vibratory and impulsive seismic sources, high-capacity source trucks, geophone sensor arrays and digital recording systems.